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jinming
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Wages, salaries, tips, etc; SCH 1723

In the first entry of the Turbo Tax generated 1040 for me (1 Wages, salaries, tips, etc. Attach Form(s) W-2), the number is $10,902.

I found the number is the number in my w2 box1 ($9178.53) plus 1723. And I see the words "SCH 1723" on top of the line after 1 Wage, salaries, tips, etc. Attach Form(s) W-2. Anyone has an idea what this SCH 1723 is?

See the link below for a snapshot:

https://www.dropbox.com/s/62eawpyvrpegzug/Capture.PNG?dl=0

 

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Wages, salaries, tips, etc; SCH 1723

SCH stands for taxable scholarship.  The number 1723 is the amount of the scholarship that is taxable, ie $1,723.  It is added to the amount on Line 1 of the Form 1040.

 

See this TurboTax support FAQ for taxable scholarships - https://ttlc.intuit.com/community/college-and-education/help/why-is-my-scholarship-taxable/01/26267

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1 Reply

Wages, salaries, tips, etc; SCH 1723

SCH stands for taxable scholarship.  The number 1723 is the amount of the scholarship that is taxable, ie $1,723.  It is added to the amount on Line 1 of the Form 1040.

 

See this TurboTax support FAQ for taxable scholarships - https://ttlc.intuit.com/community/college-and-education/help/why-is-my-scholarship-taxable/01/26267

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